Save Article

Check the IRA Math

When it comes to year-end withdrawals from individual retirement accounts -- whether it's your own money or an account you inherited -- be sure to double-check the advice of your IRA custodian.

This is a lesson that Joe Brooks, a retirement-distribution specialist in East Lansing, Mich., likes to share after seeing what happened two years ago to one of his clients, a retired doctor, and -- after the client died -- to the physician's heirs.